About Follicular Technologies Private Limited
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Follicular Technologies Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the hair care products segment of the FMCG sector. It was incorporated on 13 February 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2017PTC291116. Its GSTIN is 27AADCF0054D1Z6 (Maharashtra). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Ashok Kumar Sinha (Managing Director) and Satyajeet Dinkar Kangle.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 306 Cosmos Plaza Besides D N Nagar Metro Station D.N. Nagar Andheri West, Mumbai, Maharashtra, India – 400053.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.55 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹23.96 Lakh (net margin 4.3%) and EBITDA of ₹37.08 Lakh (EBITDA margin 6.7%). Revenue has grown at a compounded annual rate (CAGR) of 107% over three years and 216% over five years.
The company is associated with 2 brands: Adon Hair Care and Adon Wellness.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adonhaircare.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address306 Cosmos Plaza Besides D N Nagar Metro Station D.N. Nagar Andheri West, Mumbai, Maharashtra, India – 400053
- IndustryFMCG, Hair Care Products
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Business Activity of Follicular Technologies Private Limited
The main business activity of Follicular Technologies is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Follicular Technologies Private Limited FY 2025 filings available
Follicular Technologies Private Limited reported revenue of ₹5.55 Cr (up 20% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Follicular Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 216% over five years, including 20% growth in the latest year. EBITDA rose 19% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Follicular Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹37.08 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹23.96 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Follicular Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.3% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Follicular Technologies are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Follicular Technologies Private Limited
Follicular Technologies Private Limited is compared with the companies closest to it by revenue in the FMCG industry (Hair Care). Its own revenue is ₹5.55 Cr.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mayuri Herbalcare Private Limited | ₹7.27 Cr | ₹4.5 Lakh | 1% | +10% | Mumbai, Maharashtra, India | |
| Active Roots Private Limited | ₹6.7 Cr | ₹2.3 Cr | -34% | -57% | Pune, Maharashtra, India | |
| B. Lab Private Limited | ₹6.16 Cr | ₹3.06 Cr | -50% | +41% | Mumbai, Maharashtra, India | |
| Skinska Pharmaceutica Private Limited | ₹6.1 Cr | ₹6.64 Lakh | 1% | +3% | 1,013 | Mumbai, Maharashtra, India |
| Ashba Botanicals Private Limited | ₹5.82 Cr | ₹77.73 Lakh | 13% | +6% | Mumbai, Maharashtra, India | |
| Follicular Technologies Private Limited this company | ₹5.55 Cr | ₹23.96 Lakh | 4.3% | Mumbai, Maharashtra, India | ||
| Progression Industries Private Limited | ₹5.06 Cr | ₹52.59 Lakh | -10% | -7% | Mumbai, Maharashtra, India | |
| Aura Herbal Private Limited | ₹5.02 Cr | ₹2.01 Lakh | 0% | +7% | New, Delhi, India | |
| Allen's India Ltd. | ₹4.86 Cr | ₹7.05 Lakh | 1% | +1% | Kolkata, West Bengal, India | |
| S R K Products Private Limited | ₹4.65 Cr | ₹2.64 Cr | -57% | +3% | Bangalore, Karnataka, India | |
| Sahyadri Bio Labs Private Limited | ₹4.26 Cr | ₹18.11 Cr | -425% | +89% | 139 | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Follicular Technologies by revenue in the FMCG industry (Hair Care), from the latest filed financials of each company. Figures are as filed with the Ministry of Corporate Affairs or the stock exchanges.
Auditor Details of Follicular Technologies Private Limited
Follicular Technologies Private Limited is audited by ROHAN GUJAR AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ROHAN GUJAR AND ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Follicular Technologies Private Limited
Follicular Technologies has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satyajeet Dinkar Kangle | Director | 09 Mar 2019 | 7 Years 6 Months | Current |
| Ashok Kumar Sinha Also directs: The Indian Art Signature LLP, Skyonyx Technologies LLP, Brahmas Production Private Limited and 1 more | Managing Director | 13 Feb 2017 | 9 Years 7 Months | Current |
Ownership and Shareholding of Follicular Technologies Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Follicular Technologies Private Limited
Follicular Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Follicular Technologies Private Limited
Follicular Technologies operates two associated brands: Adon Hair Care and Adon Wellness. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates an online store specializing in high-quality hair treatment products. | adonhaircare.com | |
| Offers a direct-to-consumer brand of hair care products. | adonwellness.com |
Employees and EPFO Compliance at Follicular Technologies Private Limited
Employment history and EPFO contributions of people linked to Follicular Technologies.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Follicular Technologies Private Limited
Follicular Technologies Private Limited has 4 board changes on record since 2017: 2 appointments and 2 cessations. The latest: Satyajeet Dinkar Kangle ceased to be Additional Director on 30 Sep 2019.
Credit Ratings, Litigation & Regulatory Alerts for Follicular Technologies Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Follicular Technologies Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Follicular Technologies Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Follicular Technologies Private Limited
Follicular Technologies has 5 GST registrations: 3 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCF0054D1Z6 | Maharashtra | Active | 07 Feb 2018 |
| 29AADCF0054D1Z2 | Karnataka | Active | 19 Jun 2024 |
| 33AADCF0054D1ZD | Tamil Nadu | Active | 02 Oct 2024 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Follicular Technologies Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Follicular Technologies Private Limited
Follicular Technologies is an active private limited company based in Mumbai, Maharashtra, India. The company works in hair care products, within the FMCG industry. It was incorporated on 13 February 2017 (9+ years old) and is registered under CIN U74999MH2017PTC291116.
Follicular Technologies reported revenue of ₹5.55 Cr for FY 2024 (up 20% YoY).
Follicular Technologies has 2 current directors:
- Ashok Kumar Sinha - Managing Director
- Satyajeet Dinkar Kangle - Director
Follicular Technologies reported a net profit of ₹23.96 Lakh (net margin 4.3%) and EBITDA of ₹37.08 Lakh (EBITDA margin 6.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Follicular Technologies is 107% over three years and 216% over five years. In the latest year (FY 2024) revenue rose 20%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Follicular Technologies is 27AADCF0054D1Z6, registered in Maharashtra. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 29AADCF0054D1Z2 (Karnataka), 33AADCF0054D1ZD (Tamil Nadu).
The CIN (Corporate Identification Number) of Follicular Technologies is U74999MH2017PTC291116. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Follicular Technologies was incorporated on 13 February 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Follicular Technologies by revenue are Mayuri Herbalcare Private Limited, Active Roots Private Limited, B. Lab Private Limited, Skinska Pharmaceutica Private Limited, Ashba Botanicals Private Limited and 5 more, all in the FMCG industry (Hair Care).
Satyajeet Dinkar Kangle ceased to be Additional Director on 30 Sep 2019. Shankar Rangrao Savant ceased to be Director on 19 Mar 2019. Satyajeet Dinkar Kangle was appointed as Director on 09 Mar 2019. Follicular Technologies has 4 board changes on record in total.
Yes, Follicular Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).